OCR Text |
Show afrenenrni DESERET Tuesday, need for summer vacation! Find everything you'll DAY VALU ES! PRE-HO- Li A9 NEWS, J July 1, 1969 City Buys: $6 Mitlioii In Notes Investment of $6 million tax anticipation funds in Banker's Acceptances at 8.25 per cent interest was to be made today by City Treasurer Phillips Jr. . 1 Jennings ; , ' The investment was to be made through Merrill Lynch, Pierce, Fenner and Smith, Inc., of four national stock brokers handing the accep- tances. . : Phillips said the banker's securities are issued by banks primarily as bills to finance transfer the export-imporand storage of goods. . , t, The acceptances are the heaviest interest bearing securities the city has sought, Phillip reported, lie said T safe securities were they cause the top 30 national banks in the nation and the' Federal Reserve Bank guar , antee and rediscount them. be, . Walker Bank & Trust Co. was successful bidder on the notes city tax anticipation earlier this month. ' The $6 million will cost the city 6.15 per cent Interest, or , , $30,000 a month, until part or all of the money is expended,, for city government costs, -- awaiting this falls tax collet tions. , L t- - month - However, a $41,250 a yield from the reinvestment will top the interest cost by $11,000 a month during the v time it Is invested. PRINT OR WOMEN'S SUMMERY SHIFTS AND PAJAMAS... SAVE! PLAIN... YOU WANT NEW JAMAICAS BIG AND LITTLE SISTER SPORTSWEAR FASHION GIRLS' STRETCH NYLON DOUBLE KNIT SWIMSUITS Jamaica, 1 99 2 I, 5 jio 6x2.22 7i. Great summer favorites .. . amaicas in a terrific assortment of colors jn solid or patterns. Easy extended or tabbed care fabrics With set-ovreist styles. Stock vp nowl Sweetly trimmed tleepwear gowns or pajamas in an aetortment of summery, cool, light cotton batistes. Dacron polyesternyloncot-to- n blends. Pretty solids and prints. n, u3.22 88c Long Pant in Neat, trim, terrific! Smooth-fittin- g checks, solids, stripes, with or without flirty, swingin' little skirts . . . just the style girls love! Assorted 22 Jamaica, sis 44 Toddler 3to6x ?1 188 7 to 14 one-piece- rs Sport togs that are ready for lots of fun and play-tim- e activity. Well tailored and designed for utmost coolness end comfort. Machine washable. colors. Phillips said the city usually r reinvests the borrowed monei . in local bank certificates of deposit and some U.S. Tre&, eury bills. However, the tight , money market, which raised. , the Interest rate from 3.79 to'.' 6.15 per cent on the tax anticl;'. F pation money, forced the dty sea r . to invest in higher-yiel- d rides. ; The. bank certificates and! treasury bills are yielding only 5 to 6 54 per cent interest now. ,, . ; , i DOWNTOWN; UbsstoxtoVJ are expensive discard don't today them bring them to Pennes Shoe Repair end let our experts put new soles on, repair the heels, restyle pointed toes to round tots arid make them longer aid ' j wider. Shoes SPECIAL! SHOES REFINISHED 69s Newenly Finest Materials Work Guaranteed manship Whilo You .Rest or Shop Sorvico PENHEY'S . SHOE REPAIR I BASEMENT FIOOR K x SAVE! 13M MATCHED LUGGAGE SETS . . . THAT MAKE GOING GREATI women's 19.88 t e DOWNTOWN V1 SHIRTVALUEI 2 1.99 Kapok Polyester luggage that's fashion styled for women. Features solid wood frames, molded fibrebcard shells and quilted rdyon taffeta linings. Favorite' pieces In smart colors. Travel-righ- BIG SAVINGSI for 3 ... 2 for $4 Take pUnfy for ovwy bod in your homol Mump, rotiliont, lightweight. 20x26 finished size. Get extras nowl SALT LAKE e MURRAY 2 tor $5 Textured 100 polyester knits In solids, stripes. Mock turtlenecks in sizes 6 to 16. lovely, bright colors in Viscu.e rayon pile rugs 27x48 size with latex rubber backing. AvailabW Poumtewn Salt lota Cottonwood Moll. Sugar Nooi Ogden, Pro enly. Availoble Downtown toft loo, Cottonwood Moll, Sugar Houso, Ogden. Pwho ewfy. COTTONWOOD MALL BOUNTIFUL MIDVALE WE'VE BAGGED A GREAT, B!G SUAAMER BAG ASSORTMENT! SCATTER RUGS e GHJtf 3.33 Marvelously priced handbags! The group includes straws, vinyls and fabrics in all the latest shapes and sizes and colors . . . with the smartest of trimmings, too! Available Downtown tab lata Cottonwood Sugar Houso, SUGAR HOUSE TOOELE iseri&m I, Ogdon nod Prow tforno only. OGDEN e PROVO MAGNA - cnaSSIFIED ism 4.1 1 i |